BRIEF: Futu’s profit doubles on stock market rebound
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Futu Holdings Ltd. reported a significant financial boost in its first quarter, with revenue increasing by 81% year-on-year to HK$4.7 billion ($603 million) and adjusted net profit soaring 98% to HK$2.22 billion. Trading commissions rose 113.5% to HK$2.31 billion, while interest income grew by 52.9% to HK$2.07 billion. The total trading volume reached HK$3.22 trillion, a 140.1% increase, and the number of funded accounts rose 41.6% to 2.67 million. Despite these gains, Futu's stock fell 0.32% to $107.36 in New York.
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